System and method of providing a financial investment recommendation using a portfolio planner

A system for implementing an action plan, the system comprising:

• a memory;
• and
• a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to:
• receive, by a computer system via a network, a request from the customer for portfolio planning;
• receive, by the computer system via the network an investment selection of the customer, wherein the investment selection comprises:
• an initial investment;
• and
• an account type for a recommendation, wherein:
• the account type specifies a retirement account or a non-retirement account;
• transmit, from the computer system to a computer device associated with the customer, an interface, wherein;
• the interface is configured to request customer input whether to perform a portfolio recommendation;
• receive, at the computer system, an indication from the customer to perform the portfolio recommendation;
• in response to receiving the indication from the customer to perform the portfolio recommendation, use the computer system in order to generate a portfolio recommendation tool;
• transmit, from the computer system via the network, the portfolio recommendation tool that concurrently presents an in-house recommended portfolio and a mixed recommended portfolio, wherein:
• the recommend portfolio comprises mutual funds only housed with the financial institution providing the recommendation,
• the recommended portfolio comprises product-level recommendations within a plurality of asset classes, wherein each of the product-level recommendations are housed with the financial institution providing the recommendation,
• the mixed recommended portfolio comprises at least one mutual fund housed by another financial institution,
• the mixed recommended portfolio comprises product-level recommendations within the plurality of asset classes, wherein at least one of the product-level recommendations are housed by another financial institution and at least one of the product-level recommendations are housed by the financial institution providing the recommendation, and
• the portfolio recommendation tool provides a first option to select the in-house recommended portfolio and a second option to select the mixed recommended portfolio;
• instantiate an on-line account application pre-fill component;
• pre-fill fund account information and amount information in a mutual fund account application form provided by the on-line account application pre-fill component, wherein:
• the fund account information details one or more assets to be used to fund purchase of the at least one mutual fund product recommendation from the mixed recommended portfolio or in-house recommended portfolio.

A computer-readable non-transitory storage medium for implementing an action plan, the computer-readable non-transitory storage medium storing computer-executable instructions to:

• receive, by a computer system via a network, a request from the customer for portfolio planning;
• receive, by the computer system via the network, an investment selection of a customer, wherein the investment selection comprises:
• an initial investment;
• and
• an account type for a recommendation, wherein:
• the account type specifies a retirement account or a non-retirement account;
• transmit, from the computer system to a computer device associated with the customer, an interface, wherein;
• the interface is configured to request customer input whether to perform a portfolio recommendation;
• receive, at the computer system, an indication from the customer to perform the portfolio recommendation;
• in response to receiving the indication from the customer to perform the portfolio recommendation, using the computer system in order to generate a portfolio recommendation tool;
• transmit, from the computer system via the network, a portfolio recommendation tool that concurrently presents an in-house recommended portfolio and a mixed recommended portfolio, wherein:
• the recommended portfolio comprises mutual funds only housed with the financial institution providing the recommendation,
• the recommended portfolio comprises product-level recommendations within a plurality of asset classes, wherein each of the product-level recommendations are housed with the financial institution providing the recommendation,
• the mixed recommended portfolio comprises at least one mutual fund housed by another financial institution,
• the mixed recommended portfolio comprises product-level recommendations within the plurality of asset classes, wherein at least one of the product-level recommendations are housed by another financial institution and at least one of the product-level recommendations are housed by the financial institution providing the recommendation, and
• the portfolio recommendation tool provides a first option to select the in-house recommended portfolio and a second option to select the mixed recommended portfolio;
• instantiate an on-line account application pre-fill component;
• and
• pre-fill fund account information and amount information in a mutual fund account application form provided by the on-line account application pre-fill component, wherein:
• the fund account information details one or more assets to be used to fund purchase of the at least one mutual fund product recommendation from the mixed recommended portfolio or in-house recommended portfolio.